1929
- October 24: WALL STREET
CRASHES
- "Black Thursday." The economic
bubble finally bursts.Stock
prices fall sharply on a day of heavy
liquidation. Ticker tape runs four hours
later than normal at a volume of 12.9
million shares. Headlines will report the
market's paper loss at $5 billion.
A pool of bankers act to stem the drop by
putting more money into the market, and
President Hoover reassures Americans that
U.S. business is sound. Within a few days,
a headline will read, "Brokers Believe
Worst is Over and Recommend Buying of Real
Bargains."
1929 - October 28: "Black Monday." The
stock market falls 22.6%, the highest
one-day decline in U.S. history. The crash
triggers similar declines in markets
around the world.
1929 - October 29: "Black Tuesday."
Panic sets in as investors all try to
sell their stocks at once. Over 16 million
shares of stock are sold, setting a record
-- and the market records over $14 billion
in paper losses. Stock tickers cannot keep
up with the heavy trading volume. At the
end of the day, the market is down 33
points, more than 12.8%. Some of the
nation's financial elite, including
General Motors' William C. Durant and the
Rockefeller family, show confidence by
buying stocks, but their efforts fail to
stem the tide.1929 - November 23: After weeks in
freefall, the market hits its bottom and
stabilizes. The New York Times
reports, "Regular Schedule to be Resumed,
but Trading Will Be Suspended Last Half of
Week; Business Nearly Normal." The
market's daily volume is at 3 million
shares with "orderly although irregular"
prices.
1930 - Bank of America was
formed. The name change from the Bank of
Italy to the Bank of America

10a
-
One
Satisfaction Rule Payoff Game -
Q&A
How much foreclosure relief will Borrowers
get from bailout plan?It
all depends on the "IF" answere: WAS AN
INSURANCE COMPANY INVOLVED AS part of the
$$ Payoff. The financial system
includes measures designed to stem the
rising tide of foreclosures. But First,
take a look at the strategy USED BY
LENDERS in the Bail-Out - CLICK FOR
MORE BAIL-OUT
GAMES. The $700 Bill Bailout
Chronology:
 October 3, 2008 The House
approves the $700-billion Wall Street
rescue package and President Bush signs
the bill.
 Employers shed a net 159,000 jobs
in September, the worst one-month drop in
more than five years.
 The Dow Jones industrial average
falls 157 points to a three-year low.
 Wells Fargo agrees to buy Wachovia
for $$15 billion, sparking protests form
Citigroup, which had planned to buy
Wachovia's banking operations.
 California officials, needing $7
billion ot cover state bills, watch the
credit markets in hopes of getting a
short-term loan
soon. October 6, 2008The $700-billion rescue
package for the financial system MUST
include MEASURES that applies to the
One Satisfaction Rule that are
designed to stem the rising tide of
foreclosures. Here's a look at the
specifics.
Under the One Satisfaction Rule --
How does the bailout plan help homeowners
facing foreclosure?The
plan provides the Treasury secretary as
much as $700 billion to buy troubled
mortgages, and securities tied to these
mortgages, that are held by banks and
other large investors. When these assets
come under government control, federal
officials are required to "implement a
plan that seeks to maximize assistance for
homeowners" and use their authority to
minimize foreclosures.
Does that differ from what the government
and lenders are already doing?Federal
officials have already been encouraging
lenders to modify loan terms whenever
possible. Mortgage industry experts say
most lenders are willing to make modest
changes to payment plans to avoid the time
and expense of foreclosure but are
reluctant to do so if they determine that
the borrower lacks the income to make even
modified payments or if their losses would
be too great.It
sounds as if the plan doesn't do much more
for troubled homeowners then.There
are different opinions on that. Steven
Adamske, spokesman for the House Financial
Services Committee, believes that the
government -- by becoming an investor in
mortgage-backed securities -- will have
new clout to demand that loan servicers
modify mortgages. "If servicers are an
impediment [to loan workouts] we
can take another look at the industry next
year and see if there are other actions we
can take to remove roadblocks," he
said.Unlike
a private investor or lender, "the
government is here to help. We want to
rebuild neighborhoods from the ground up,"
Adamske said.But
Paul Leonard, California director of
the Center for Responsible Lending, a
nonprofit advocacy group, thinks the
measure really won't help many homeowners.
He believes the only way to ensure people
stay in their homes is to allow bankruptcy
judges to modify or forgive loan terms in
bankruptcy cases, which he said could have
prevented 600,000 foreclosures. Such a
measure has been opposed by mortgage
lenders, who say it would discourage banks
from making loans.
How many people are currently facing
foreclosure?Nearly
2 million mortgages are delinquent by 60
days or more, putting them at risk of
foreclosure. Industry experts say there
have been more than 900,000 foreclosures
since 2007.
How are loans modified to prevent
foreclosures?Foreclosure
prevention is centered on two programs,
both of which have "hope" in their
name.A
new federal loan workout program called
Hope for Homeowners begins this month,
targeting those unable to pay their
mortgages. It is for homeowners who bought
their homes before 2008 and now have
monthly payments exceeding 31% of their
income.Under
the program, banks would in many cases
write down mortgages to 90% of a home's
current value. Such a provision would be
important in California, where many recent
home buyers have mortgages that now
greatly exceed their property values.The
new 30-year fixed-rate loan would be
insured by the Federal Housing
Administration and could not exceed
$550,440.An
existing voluntary effort to prevent
foreclosures has been in place since last
year. Called Hope Now, the program is a
joint effort by lenders, mortgage
servicers and nonprofit housing groups to
help troubled homeowners renegotiate their
mortgages. Through this program, borrowers
have been able to defer or reschedule
monthly payments or reduce their loan
principal.How
will I know whether the government owns my
loan?This
has yet to be determined. The Treasury
secretary will have 45 days to implement a
plan, and presumably these details will
become available at that time.Tom
Deutsch, deputy executive director of the
American Securitization Forum, a
financial industry group, said that in
many cases the loan servicer won't change
even if the government has taken over a
mortgage. You can ask your loan servicer
who owns your mortgage, but if the
government was one of many investors in a
mortgage-backed security into which your
loan is packaged, you might not be able to
tell.Deutsch
said the government might also set up a
method for borrowers to inquire about who
holds their loans.So
what should I do if I want assistance?Consumer
advocates say you should first contact
your lender to see whether you can adjust
the terms to make the payments more
affordable.You
also can call the Hope Now hotline at
(888) 995-HOPE. CLICK
FOR MORE TASHIMA
STORY.


10b
FICO The Credit Rating Agencies -
Fraudulent FICO
SCORESWASHINGTON
-- When Congress voted for the Wall Street
Bail-Out on October 6, 2008 -- Federal
regulators blamed the "BIG CRASH" on some
of the smooth "insiders" controlling the
financial Benchmark Rating firms. By the
issuance of fraudulent, self-serving
reports for a few top executives needing
to cash-in their back-dated stock option
to raise capital for their firms, did the
job for a while.The
transfer of "$peedollar$ to their bank
accounts "insured" by the Feds,
under the guidelines of the
"One
Satisfation Rule," -- did the job," said a
spokesman for the TeleKey
Group.Congress
had a big hand in oversight failures and
deregulation, in part, says Speedollar
spokesman, Mark Sovol, "by the reduction
of government's role in the private
sector's beflief in enlarging the
"cashless society." Rep. Waxman begins
hearings today."How
did we get here?" asked Sen. Byron Dorgan
(D-N.D.). "In 1999, Congress was pressured
to repeal the financial protections that
were put in place following the Great
Depression."Dorgan
is one of a relative handful of members of
Congress who have spoken out against the
surge of deregulation.Among
other potential targets of the inquiry:
hedge funds and the credit rating
agencies, which have been accused of
attaching overly positive ratings to
questionable mortgage securities.Waxman
said in a statement that he saw the
problem as "a failure of the Bush
Administration and the
Republican-controlled Congress to oversee
the markets."FICO,
say the Independent experts such as former
SEC Chief Accountant Lynn Turner say that
to understand the current crisis, it's
important to examine the full range of
congressional actions that led to it,
including the failure to heed warnings
about Fannie and Freddie and the failure
to oversee investment in the tangle of
mortgage-backed securities, derivatives
and swaps.He
also cites congressional and executive
branch failure to respond to warnings
about credit rating firms that gave
unjustified high grades to risky
mortgage-backed securities.The
role that deregulation played in the
calamity is becoming the subject of heated
debate. Conservatives argue the problems
arose not from the fundamental decision to
decrease the role of government but a
failure of government -- including
Congress -- to provide basic oversight and
supervision.
When Congress voted on October 6, 2008 --
to bail out Wall Street banks and
investment houses, members were also
indirectly voting to repair damage
lawmakers themselves had caused during a
decades-long era of deregulation.As
the blame game moves into high gear in
Washington, there seem to be few winners.
Already under scrutiny are lawmakers from
both political parties, Presidents George
W. Bush, Bill Clinton and their
predecessors, and record amounts of money
funneled to Congress from Wall Street and
the two government-backed mortgage giants,
Fannie Mae and Freddie Mac.In
hindsight, members of Congress and
administration officials such as Treasury
Secretary Henry M. Paulson agree that a
new regulatory framework must be
created.But
investigating what went wrong and how to
construct a new financial infrastructure
confronts politicians and policymakers
with an awkward situation. Many of those
who will presumably shape new safeguards
were advocates of the sweeping
deregulation that contributed so much to
the problems they now propose to fix.The
problem is particularly acute for members
of the committees that oversee banking on
Capitol Hill. "Congress deserved more
blame than anyone else," said Rep.
Christopher Shays (R-Conn.), a member of
the House Financial Services Committee who
backed some deregulation bills but also
called unsuccessfully for increased
oversight.Sen.
Tom Coburn (R-Okla.), a conservative
gadfly and the ranking GOP member of the
Homeland Security and Governmental Affairs
subcommittee on federal financial
management, said lawmakers failed because
they were too preoccupied with pleasing
lobbyists, constituents and campaign
contributors to fulfill their oversight
responsibilities.Rep.
Henry Waxman (D-Los Angeles) was one for
the first to hold a series of hearings on
what he described as "the regulatory
mistakes and financial excesses that led
to the market breakdowns on Wall
Street."But
others -- including Hilary Clinton --
insist that members of Congress from both
parties should be held accountable. The
two-term leader rapped Democrats last week
for "resisting efforts by Republicans in
Congress and by me when I was President"
to tighten regulatory and accounting
standards on Fannie Mae and Freddie
Mac.Republicans
are now touting the role that their
presidential nominee, Arizona Sen. John
McCain, played in advocating stricter
regulation of the mortgage giants.The
origins of the current problems lie in
three overlapping areas, many critics say,
though they often disagree on the order of
importance.The
influence of money from special interests
-- which flowed into congressional
campaign coffers in huge streams -- is
cited by some as a prime factor. Those
groups and industries, which also funded
massive lobbying campaigns, backed what
some now see as ill-considered
congressional votes that deregulated
complex market activities and eventually
brought the system to the brink. Others
cite failures of the executive branch,
including the White House and the
Securities and Exchange Commission.Exhibit
A on the use of money to court
decision-makers is the record of Fannie
and Freddie, report the news mediaEmployees
of both provided lavish campaign and other
support to both parties through the years,
but gave more overall to Democrats.Curent
members of Congress have received a total
of $4.8 million in donations from the
mortgage guarantors, with Democrats
collecting 57% of that, according to the
Center for Responsive Politics.Fannie
and Freddie also paid huge fees to hire
lobbyists to woo influential members of
both parties. For example, Rick Davis, now
a top advisor to McCain, was paid tens of
thousands through the years by the
mortgage giants.When
Democrats discuss the root causes of the
financial crisis, they are likely to cite
legislation from several years ago
sponsored by former Sen. Phil Gramm, a
Texas Republican who has served as an
advisor to McCain.Gramm
successfully pushed a bill that
deregulated banks and another that
deregulated the so-called derivatives
market, which has been blamed for fueling
the current crisis.Authors
of a new book argue that it was reductions
in the role of government advocated by
both parties that played a major role in
the financial meltdown."This
is part of a pattern that emerged from a
long period of reckless deregulation,"
said Lawrence Jacobs, a University of
Minnesota political scientist and
co-author of "The Private Abuse of the
Public Interest," which examines the
effect of a "deregulation fever" that
gripped Democrats and Republicans near the
end of the 1960s and persisted."There
was an unquestioned assumption over these
decades that if government stays out of
the picture, the markets will be more
dynamic and the outcome will be better for
the country as a whole," Jacobs said in an
interview.That
proved to be the case in a few instances,
such as the deregulation of commercial
airlines. But, he added, "what started as
a reasoned and nuanced discussion of how
to nudge the economy forward turned into a
kind of radical utopian stampede in which
leaders of both parties said, 'Government
was the problem.' "Republican
Shays and other deregulation advocates
counter that the problem lies not with
deregulation but with the oversight that
was always required of Congress and
federal agencies.Shays,
for example, defends his vote for the
Financial Modernization Act. That law
stripped the Depression-era regulation of
banks and allowed them to engage in
investment activities.But
he also has been critical of the Treasury
Department and other agencies for not
overseeing what followed.North
Dakota's Dorgan, a Democrat, takes a
harsher view. He faults the decision to
deregulate banks that occurred after
passage of the modernization act."In
1999, when the bill was debated, I warned,
'This bill will also raise the likelihood
of future massive taxpayer bailouts.' . .
. I also think we will, in 10 years time,
look back and say, 'We forgot the lessons
of the past,' " Dorgan said, adding, "I
take no satisfaction that I was right."
CLICK
FOR MORE FICO FRAUD
STORY.///


10c -
Fipping Real Estate Is Illegal.
Scammers of Deeds of Trusts in
California were involved high-end house
flips on Wall Sreet usesing Deeds of
Trust.Lehman
Bros. Bank, which last month spiraled into
bankruptcy amid the nation's deepening
financial crisis, and another lender, RBC
Mortgage Co., lost about $42 million on
the loans, according to prosecutors and
the civil suits.HOW DID
THEY DO IT?They
allegedly bought inexpensive houses in
exclusive areas at market value,
fabricated records showing them to be
worth two or three times as much, and then
secured $142 million in loans based on the
inflated numbers.The
alleged fraud ring initially kept up
payments on the properties, but by August
2003 the mortgages were slipping into
default and headed for foreclosure. Money
that might have been used to service the
loans instead was spent by Abrams and
Fitzgerald on lavish items such as private
jets and vintage wines, court records in
the lenders' civil lawsuits show.It
was the beginning of an era of
freewheeling lending that later helped
fuel the current turmoil in U.S. credit
markets. As interest rates fell, lenders
jumped in with anything-goes loans, some
requiring no proof of borrowers' ability
to repay them.Those
who easily got mortgages included
first-time buyers who couldn't afford
them, speculators seeking fast profits on
flips and, as prosecutors now contend,
fraudsters such as Fitzgerald and
Abrams.Prosecutors
say the pair recruited real estate agents,
including Grasso and Babajian -- whose
celebrity clients have included Ryan
Seacrest and Oscar De La Hoya -- to find
properties, negotiate sales, falsify
listings and jack up the "comps," or
comparable sales figures, from other
transactions in the area.The
secrete of the scam were appraisers.
Theused their own escrow companies to
fabricate settlement documents and their
own notary to validate them, prosecutors
say.
(Just
like in the BofA vs
NMEC)In
all, they bought about 80 housesin exclusive enclaves of
Southern and Northern California, often
using people posing as buyers who appeared
to be legitimate but were not, the
government contends.The
"buyers" owned the homes in name only --
Fitzgerald and Abrams allegedly kept
control of the properties and rented some
to raise cash to help keep their scheme
going.Some
straw buyers' identities were used without
their knowledge. A dozen others told a
private investigator working for Lehman
Bros. that they were solicited by
Fitzgerald or others to sell the use of
their names and credit histories for up to
$15,000 but didn't know they had done
anything wrong, court records show.None
of the straw buyers has been charged in
the case.Assistant
U.S. Atty. Jeremy D. Matz, the lead
prosecutor, called the scheme "an extreme
case" of fraud. He and a former general
counsel for RBC Mortgage Co. said
the damage reached beyond the financial
institutions that lost money.Attorney
Elizabeth Edelman told the court that
losses of more than $20 million helped
prompt the sale of RBC."People
lost their jobs," she said. "Innocent
people at RBC were affected."As
the fraud unraveled
-Fitzgerald
fled the country with his wife and
children in 2003. He left behind a second
woman he married in Las Vegas in 1999, and
their young son, court records state.Fitzgerald
was arrested in Western Samoa in December
2006 and deported to the U.S.
Charles
Elliott Fitzgerald, 48,
will serve his
time at a medium-security federal prison
in Colorado, was ordered to pay that
amount in restitution. However, the judge
noted that Fitzgerald does not have the
money. CLICK
FOR MORE DEBT THAT MIGHT BE INSURED -
TASHIMA
STORY..Lehman
Bros. Bank, -
just last month spiraled into
bankruptcy amid the nation's deepening
financial crisis, and another lender, RBC
Mortgage Co., lost about $42 million on
the loans, according to prosecutors and
the civil suits.Fitzgerald,
will serve his time at a
medium-security federal prison in
Colorado, was ordered to pay that amount
in restitution. However, the judge noted
that Fitzgerald does not have the
money."I
am sorry for everything that happened,"
Fitzgerald, who wore a white prison
jumpsuit and was shackled at the waist,
told the judge as his wife and six
children sat at the back of the
courtroom."I
apologize to the court, I apologize to the
government, I apologize to every victim,"
he said. "I wish I could take it back and
relive those years all over again and
change it all, but I can't."Fitzgerald,
pleaded guilty in May 2008 to charges
of bilking mortgage lenders of more than
$40 million. The scheme was based in
Beverly Hills and involved high-end house
flips.On
October 4, 2008,
Fitzgerald, the admitted architect
of one of the largest real estate frauds
in California history, was sentenced on to
14 years in federal prison for his part in
bilking mortgage lenders of more than $40
million.1999
and early 2000s was the beginning of
an era of freewheeling lending that later
helped fuel the current turmoil in U.S.
credit markets. As interest rates fell,
lenders jumped in with anything-goes
loans, some requiring no proof of
borrowers' ability to repay them.He
is the first of 11 defendants to be
sentenced in the case, which foreshadowed
the wave of foreclosures now washing over
the wreckage of California's real estate
market. But U.S. District Judge Dean
Pregerson said Fitzgerald's scheme had no
direct connection to the current financial
crisis."This
is not a deregulation case," he said.
"This is a case about good old-fashioned
lying and cheating."Prosecutors
said Fitzgerald and his alleged
co-conspirators, including developer
Mark Alan Abrams and star real
estate agents Joseph Babajian and Kyle
Grasso, hatched their scheme during
California's burgeoning real estate boom
of the late 1990s and early 2000s.
CLICK
FOR MORE TASHIMA
STORY..


10d -
BackDatingFraud. Former McAfee, Inc.
lawyer is acquitted in stock options
backdating
trialKent
Roberts, who served as the software
maker's general counsel until he was fired
in 2006, was accused of tampering with
grants to increase his shares' value by
$200,000.The
scandal over improper options-related
accounting led to investigations at
hundreds of companies and criminal charges
against 21 people, including executives
at Broadcom Corp., Monster Worldwide Inc.
and Take-Two Interactive Software
Inc."I
would strongly recommend against pursuing
this any further," U.S. District Judge
Marilyn Hall Patel said after dismissing
the jury, which deliberated for nearly
three days after a two-week trial. "With
no actual loss of money it's a little hard
spending all the time and effort on
this."Roberts
declined to comment and his lawyer,
Stephen Neal, said only that they "were
pleased with the verdict."-- A jury on October 4, 2008 in SAN
FRANCISCO -- acquitted the former top
lawyer at computer-security software maker
McAfee Inc. of illegally tampering with
his stock option grants to boost his pay
package.Kent
Roberts, who served as McAfee's general
counsel until he was fired in 2006, was
charged with two counts of fraud and one
count of falsifying accounting books. A
jury on Friday found him not guilty on the
fraud charges and couldn't come to a
decision on the third charge.Roberts
was charged with illegally altering the
price of 20,000 shares of stock options he
was awarded in 2000 when the company was
called Network Associates Inc. The change
increased the value of the stock by nearly
$200,000, but Roberts didn't sell the
shares.Federal
prosecutors must now decide whether to
retry Roberts on the false accounting
charge. Assistant U.S. Atty. Laurel Beeler
declined to comment after the verdict was
read.Roberts
was only the third executive to go on
trial over alleged illegal backdating of
stock option awards and the first to be
acquitted.Former
Brocade Communications Systems Inc. Chief
Executive Gregory Reyes and the
networking-equipment company's former
personnel chief, Stephanie Jensen, were
convicted last year after trials in San
Francisco federal court. Both are
appealing.
CLICK
FOR MORE USING BENCHMARKS TO BUY-SELL
STORY.///


A
Happy Welcome is extended into the world
and secrets of Sun Tzu, the innovator of
the popular "Bait Switch
Game"."We Couldn't Have Done It
Without You."-----
Discover the hidden secrets and
never before revealed truths about the
Bank of America -- NMEC scandal; the
events that destroyed many people,
including the president and chairman of
the Board of Bank of America and NMEC.
BofA's Sam Armacost, called the NMEC
scandal, "that crazy mortgage thing never
should have happened". BofA's Board of
Directors called the scandal "their
personal Pearl Harbor" -- analogized after
Federal Judge Tashima. ( The Tashima
Era)
-----This Book, however is not only
about Bank of America, NMEC and Wells
Fargo, it is also about the founders, the
good and bad guys of the financial,
banking, insurance world, and the
corporate gurus who make up the pieces of
the puzzle -- from the early days of
mortgage pass-through certificates, in
1977 to 1993.
-----The methodology which Troy and
Josie Cory applied to resolve the BoA --
NMEC scandal, is, what you might call in
he high tech world -- as Motion with
Devotion. You'll find there's as much as a
thin-line between Bank of America and NMEC
activities, as there is between Trust Deed
and mortgage notes-- for without one you
might not have the other.We Couldn't Have Done
It Without You -- said BofA the 80s and
1990s-----The
Banks Un-American Banking Activities in
the 80s, promoted itself as the bank that
-- "We Couldn't Have Done It Without
You." But to Claire Giannini Hoffman,
the bank her father founded in 1906, as
the Bank of Italy, is doing an
unflattering job on his
memory.ffman, was an ongoing critic of
Bank of America for much of her lifetime.
She made a habit of contacting newspapers
and radio stations condemning the wild and
wooly ways of various BofA officials,
calling them "an insult to my
father."
-----"It is contemptible, what they
are doing," the 89 year-old Hoffman would
tell interviewers. "They are using my
father's name and picture to promote their
bank". She said the modern Bank of America
does not represent the business philosophy
espoused by her father. "My father
believed that, if you helped people,
eventually you would have people for
friends, as well as
customers."
-----Hoffman, delivered a blow to
the bank's image in 1985, by resigning her
honorary seat on its board. It was over
what she called, the "unpardonable" act of
selling its San Francisco headquarters;
the repossessing of trucks, automobiles
and the homes and farms from our
customers, in a time of
need.
-----Today's BofA, she said, "is
just another bank. If it didn't have the
same name there would be no similarity at
all."We Couldn't Have
Done It Without You -- said BofA in the
2002s and
08s-----And
the predictions declared by the daughter
of founder of BofA, Amadeo P. Giannini,
were right on - JUST LOOK AT THE TIMELINE.
The name change from the Bank of Italy, to
the Bank of America took place in
1930.


The
Judge Tashima Era - The ONE SATISFATION
RULE:
Publishers
IN THIS ISBN BOOK SET
hereby
authenticates the use of its ISBN.
The Co-authors have endeavored to narrow
down and explain the bare facts and the
several legal theories behind the U.S.
Federal governments most recent 2008 Bank,
Wall Street and Insurance Company Bail Out
by the use of the "ONE SATISFACTION
RULE". "The Bail out of the 90s,
involved the same stratigy used by the
BofA vs NMEC folks in the 90s," says
co-author Scott Stubblefield,
Esq.Legal literature is not a tool by
which compiling authors may keep for
themselves, thus, the facts and data that
has been collected from existing works,
may be freely used. Of course, that
includes the opinions of judges, attorneys
and the information leaked to the news
media. Even some of the material the
authors herein have compiled to redefine
and ascertain the time period -- when the
"new parties to this action, joined the
existing "joint tortfeasors" -- is not
immune from this
copyright.
Both the authors and publisher
believe that the examples and case history
data found within the book set, and
special eWeb editions are accurate, thus
such reliance, will be most useful in
helping the para-legal, case and trial
attorney prepare for
trial.
In the NBS WiTEL action started in
1990, the late Melvin Belli,
stated, "by law, in America, RF -
hi-frequency radio broadcasting spectrums
were not sold to telephone companies." It
wasn't until 1999, the first FCC Auction
was planned. This was a complete
about-face from what was promised to
Stubblefield and the Kentucky "big six" in
1906, stated
Melvin Belli, in "The
Tortfeasors"."In lost revenue alone, Kentucky
and the "big six" were bleached out of the
wireless picture. In today's monetary
standards, the amount erased by the
government would be in the billions to the
Stubblefield Family, as well as to the
many other Kentuckians, whom invested
money in the American dream of the
1900."
However, the story line, data, news
clippings and other information are
intended solely as researching aids and
should not be used in any particular
application without independent studies
and verification by the person making the
application.
For these reasons, the Authors and
Publisher of this ISBN make no warranties,
express or implied, that the examples,
data, or other information in these
volumes are free of error, that they are
consistent with industry standards, or
that they will meet the requirements for
any particular legal application.
CLICK
FOR MORE Peswiki
STORYPayment by escrow agent of mortgage
pools to investors, upon discovery that
pools were being operated fraudulently,
constituted full satisfaction of
investors' claims, where agent was itself
liable to investors, and thus agent could
not bring investors' claims by way of
assignment against other allegedly
fraudulent operators and participants in
mortgage pools; rejecting (American
Commercial Lines v. Valley Line Co., 529
F.2d 921 (8th Cir.).THE
AUTHOR AND PUBLISHER OF THIS ISBNEXPRESSLY DISCLAIM THE
IMPLIED WARRANTIES OF DISTRIBUTION AND OF
PUBLISHING FOR ANY PARTICULAR PURPOSE,
even if the author has been advised of a
particular purpose, and even if a
particular purpose is indicated in the
book. The author and publisher also
disclaim all liability for direct,
indirect, incidental, or consequential
damages that result from any use of the
examples, data, or other information in
this book. Melvin M.
Belli, Esq. / Kevin McLean, Esq./ Scott C.
Stubblefield, Esq. - San Francisco,
California
MORE
BELLI STORIES - / Smart90
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References/
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FOR MORE ABOUT The Judge Tashima Era - The
ONE SATISFATION RULE:


2008
-
2010
smart90.com/bankfinanceupdates08A
Cordial Welcome is extended to this
Revised, Updated & Expanded3rd
Edition 2008 of Bank of America. "The
Sky's The Limit."To reinforce
any claim which purports to take
precedence over legal decisions, there
must of course, be proof in the way of
documented information, in order that the
claim can be substantiated in a legally
credible & legitimate fashion. CLICK
FOR MORE WELCOMES TO The Sky' The
Limit.Such is the case surrounding the
hidden secrets and never before revealed
truths about the Bank of America -- NMEC
scandal; the events that destroyed many
people, including the president and
chairman of the board of Bank of America
and NMEC. BofA's, Sam Armacost, called the
NMEC scandal, "that crazy mortgage thing
never should have happened." BofA's Board
of Directors called the scandal; "their
personal Peal
Harbor."CLICK
FOR MORE TASHIMA STORY.

SUBJECT:
The Truth and Untold Story
about the Bank of America and
NMEC scandals; A shocking
non-fiction book on how to rob
a bank from the inside. BofA's
American and un-American
banking activities; Billion
Dollar Contracts, News Reports
on BCCI, Student loans.
"Monopoly, that's the favorite
game of habitual crooks
--they're going to go around
the board as many times as
they can, before going to
jail". Jim Donckels,
FBI.